A Reversal for Marcus & Millichap, Inc. (MMI) Is Not Near. The Stock Reaches 52-Week High Today

June 18, 2018 - By Stephen Andrade

Marcus & Millichap, Inc. (NYSE:MMI) Logo

Investors sentiment decreased to 2.08 in Q1 2018. Its down 0.50, from 2.58 in 2017Q4. It dropped, as 4 investors sold Marcus & Millichap, Inc. shares while 36 reduced holdings. 34 funds opened positions while 49 raised stakes. 15.51 million shares or 6.83% more from 14.52 million shares in 2017Q4 were reported.
Midas Management Corp owns 15,000 shares for 0.25% of their portfolio. State Bank Of Mellon Corporation reported 158,258 shares. State Street Corp invested in 307,592 shares. Dimensional Fund Advsrs L P reported 1.08M shares. 1.06M were accumulated by Blackrock. Millennium Mgmt Ltd Llc accumulated 0.02% or 434,493 shares. 1,261 are held by Ftb Advsr Inc. 1,400 were accumulated by Ny State Teachers Retirement Systems. California State Teachers Retirement Sys reported 0% of its portfolio in Marcus & Millichap, Inc. (NYSE:MMI). Pitcairn Commerce holds 8,328 shares. Royal National Bank & Trust Of Canada holds 0% of its portfolio in Marcus & Millichap, Inc. (NYSE:MMI) for 5,160 shares. Ent Fin reported 166 shares stake. Jennison Limited Liability Company has invested 0% in Marcus & Millichap, Inc. (NYSE:MMI). Swiss National Bank holds 29,900 shares. Secor Advisors Limited Partnership stated it has 0.1% in Marcus & Millichap, Inc. (NYSE:MMI).

The stock of Marcus & Millichap, Inc. (NYSE:MMI) hit a new 52-week high and has $41.27 target or 5.00 % above today’s $39.30 share price. The 9 months bullish chart indicates low risk for the $1.52B company. The 1-year high was reported on Jun, 18 by Barchart.com. If the $41.27 price target is reached, the company will be worth $75.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.90% or $0.35 during the last trading session, reaching $39.3. About 254,691 shares traded or 29.76% up from the average. Marcus & Millichap, Inc. (NYSE:MMI) has risen 54.80% since June 18, 2017 and is uptrending. It has outperformed by 42.23% the S&P500.

Analysts await Marcus & Millichap, Inc. (NYSE:MMI) to report earnings on August, 14. They expect $0.52 EPS, up 30.00 % or $0.12 from last year’s $0.4 per share. MMI’s profit will be $20.06M for 18.89 P/E if the $0.52 EPS becomes a reality. After $0.46 actual EPS reported by Marcus & Millichap, Inc. for the previous quarter, Wall Street now forecasts 13.04 % EPS growth.

Marcus & Millichap, Inc. (NYSE:MMI) Ratings Coverage

Among 2 analysts covering Marcus \u0026 Millichap (NYSE:MMI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Marcus \u0026 Millichap had 2 analyst reports since January 24, 2018 according to SRatingsIntel. On Wednesday, January 24 the stock rating was upgraded by JMP Securities to “Market Outperform”. The stock of Marcus & Millichap, Inc. (NYSE:MMI) earned “Hold” rating by Wells Fargo on Wednesday, March 21.

More important recent Marcus & Millichap, Inc. (NYSE:MMI) news were published by: Businesswire.com which released: “Marcus & Millichap, Inc. Completes Acquisition of Pinnacle Financial Group” on June 04, 2018, also Crainscleveland.com published article titled: “Marcus & Millichap finishes Pinnacle purchase”, Businesswire.com published: “Luxury Suburban Pittsburgh Multifamily Asset Sold by IPA for $61 Million” on June 07, 2018. More interesting news about Marcus & Millichap, Inc. (NYSE:MMI) was released by: Bizjournals.com and their article: “Deals Day: Toyota expands DFW presence with new distribution center” with publication date: June 08, 2018.

Marcus & Millichap, Inc., a brokerage company, provides investment brokerage and financing services to sellers and buyers of various commercial real estate assets in the United States and Canada. The company has market cap of $1.52 billion. The firm offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, and industrial properties, as well as hospitality, self-storage, seniors housing, land, and manufactured housing properties. It has a 26.73 P/E ratio. It also operates as a broker of debt financing for commercial properties.

Marcus & Millichap, Inc. (NYSE:MMI) Institutional Positions Chart

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